WGMI, LONG

Alright , first time getting in this after some ETF research recently , this group seems to be doing really well so far this year .. I attached my notes where I explain the logic on that and why I think WGMI is a good way to play and gain exposure ...

Also I keep seeing repeating theme news recently how Bitcoin is finished , so perhaps this might actually be good from a contrarian viewpoint which I often reside around , either way the miners have been doing really well this year . Better than Bitcoin too ...

I am not really a fan of bitcoin or crypto , but I like a good stage 2 uptrend in a leading group and that's all this is for me .

Comment:

the delta value on smart volume is a bit weary though and COT futures data is positioned bearishly per leveraged money and dealer money , it is abnormal to see that delta value have so large of an anomaly .... ( you will have to adjust the chart to view it though ) . Essentially there are lots of shorts , including dealer money ...
So I just have to hope that they are wrong here ....

Trade closed: stop reached